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March 2018

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Fluor Corporation announced that it is currently performing a feasibility study for a joint venture led by PetroChina Company Limited.

The proposed 440,000 barrel-per-day refinery and 1.2 million tons-per-year petrochemicals complex will be located in Taizhou, Zhejiang Province, China. The undisclosed contract value was booked in the fourth quarter of 2009.

The feasibility study is underway and is being led by Fluor's Shanghai and Houston operations centers with support from Beijing
and Manila. The final feasibility study report is expected to be completed at the end of 2010.

The PetroChina-led joint venture also includes Royal Dutch Shell PLC and the international arm of Qatar Petroleum.